UK Offshore Wind Prices Reach New Record Low In Latest CfD Auction
The latest UK renewable energy auction has awarded 12 projects, including 5.5 gigawatts (GW) of offshore wind projects, at record low prices as low as £39.65 ($50.05).
The latest UK renewable energy auction has awarded 12 projects, including 5.5 gigawatts (GW) of offshore wind projects, at record low prices as low as £39.65 ($50.05).
The next renewable energy auction in the United Kingdom could result in subsidy-free projects awarded contracts as next-generation offshore wind technology will serve to dramatically reduce costs.
The United Kingdom has finally announced the launch of its much-anticipated Offshore Wind Sector Deal, which will see the country’s offshore industry invest at least £250 million so as to ensure offshore wind generates more than 30% of the country’s electricity by 2030.
The UK Government is expected to announce its long-awaited Offshore Wind Sector deal sometime this week and has revealed that it intends to use the Deal to triple “green collar” jobs to 27,000 by 2030 and ensure at least a third of all jobs are held by women.
The latest figures published by the UK Government show that renewable and clean energy sources continue to skyrocket, hitting 29.3% and 50.1% respectively, and led by another strong year for wind energy generation.
New figures from the UK’s Department for Business, Energy & Industrial Strategy published on Thursday showed that renewable energy accounted for 30.1% of the country’s total electricity generation in the first quarter, up 3% and boasting record wind generation that accounted for over half of total renewable energy generation.
Provisional statistics from the UK Government have confirmed previous analyses that the country’s greenhouse gas emissions have reached levels not seen since 1890, thanks in part to the increase in electricity generation from wind and solar which together now account for the second largest source of electricity.
Renewable energy trade bodies are again openly calling for the UK Government to prioritize clean technologies as part of its long-awaited Industrial Strategy.
The decline of greenhouse gas emissions in the United Kindom continued in 2015, according to new government statistics, dropping 3.8% compared to the year previous.
Electricity generated by renewables has accounted for 25% of the UK’s total electricity generation for the third quarter, according to government figures.